Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) closed Thursday’s trading session lower by 1.31% at 11,498.93 points. TASI’s trading value stood at SAR 11.01 billion through the exchange of 403.32 million shares. …
Riyadh – Mubasher: The Capital Market Authority (CMA) approved the requests of two companies to trade their shares on the Parallel Market (Nomu) of the Saudi Exchange (Tadawul). Al Fakhera Men’s Tailoring Company intends to list 16.67% of its …
Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) approved cash dividends worth SAR 362.56 million, representing 5% of the capital, for the first half (H1) of 2024. The company will pay out a dividend of SAR 0.50 …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) closed Thursday’s trading session higher by 0.93 points (0.02%) at 3,980.11 points. A total of 129.25 million shares were exchanged during the session at a value of AED 211.96 million. …
Riyadh – Mubasher: Raydan Food Company announced the resignation of Omar Rabeh Al Sulami from his position as the company’s Chairman, according to a bourse filing. Nair Bayan Al Sulami, who is the current Vice Chairman, took over the role of the …
Riyadh – Mubasher: Sure Global Tech Company obtained a SAR 45 million loan, on 12 June 2024, from Banque Saudi Fransi, according to a bourse disclosure. The sharia-compliant deal, which holds a tenor for one year, is secured by a promissory note …
Dubai – Mubasher: Emirates Central Cooling Systems Corporation (Empower) has announced that it will sponsor and participate in the International District Energy Association (IDEA) 2024 Annual Conference in Orlando. Taking place from 17 to 20 June, …
Abu Dhabi – Mubasher: NMDC Energy, a subsidiary of National Marine Dredging Company (NMDC), has won a contract by ADNOC for the engineering, procurement and construction (EPC) of the lower-carbon Ruwais LNG project. ADNOC awarded the contract to …
Riyadh – Mubasher: Al Hammadi Holding completed the sale of vacant land in Al Rayyan district at a value of SAR 124.60 million on 12 June 2024. The book value of the land stands at SAR 69.33 million as previously announced in April, according to a …
Dubai – Mubasher: Moro Hub, a subsidiary of Digital DEWA which serves as the digital arm of Dubai Electricity and Water Authority (DEWA), partnered with SAP, a global leader in enterprise software solutions, to integrate SAP's Business AI …
Abu Dhabi – Mubasher: AD Ports Group has signed a definitive concession agreement with Egypt's Red Sea Ports Authority (RSPA) to invest $4.70 million over 15 years to develop and operate three cruise terminals in the Red Sea region. The agreement …
Abu Dhabi – Mubasher: e& has launched a new contact and customer experience centre in Riyadh. The new facility is planned to create 1,500 jobs, according to a press release. The centre is outfitted with state-of-the-art communication technologies, …
Riyadh – Mubasher: The shareholders of Modern Mills for Food Products Company greenlighted SAR 81.83 million, equivalent to 100% of the share capital, for 2023. The firm will pay out a dividend of SAR 1 per share on 7 July 2024, according to a …
Riyadh – Mubasher: The board members of Middle East Paper Company (MEPCO) accepted the resignation of Sami Ali Al Safran as the company’s CEO. Jan Renders, a current board member, took over as an acting CEO of MEPCO on 13 June, according to a …
Riyadh – Mubasher: Jahez International Company for Information System Technology purchased real estate in Riyadh at a value of SAR 150 million, according to a bourse statement. Located in Almohammadiyah district in Riyadh, the land has a …
UAE – Mubasher: The Central Bank of the UAE (CBUAE) has maintained the base rate for the overnight deposit facility (ODF) at 5.40%. The CBUAE has kept the interest rate for borrowing short-term liquidity at 0.50% above the base rate for all …
Riyadh – Mubasher: Bupa Arabia for Cooperative Insurance Company has renewed a contract with Saudi Basic Industries Corporation (SABIC). Under the agreement, Bupa Arabia provides health insurance for SABIC’s employees and their families for one …
UAE- Mubasher: Nasdaq-listed Altair, a global leader in computational intelligence, has established a new office in Dubai, according to a press release. The new location, which is situated in one of Dubai's free-trade zones, expands Altair's …
Mubasher: The US Federal Reserve (Fed) left interest rates unchanged, signalling it will not pull back until seeing sustained progress lowering inflation from multi-decade highs. The Federal Open Market Committee (FOMC) has maintained the target …
Riyadh – Mubasher: The main All Share Index (TASI) of the Saudi Exchange (Tadawul) showed a negative performance on Wednesday after falling by 1.05% to 11,651.81 points. TASI’s trading value reached SAR 10.38 billion through the exchange of 529.05 …
Dubai – Mubasher: Mohamed Abdulrahman Amiri resigned from his position as the Vice Chairman of Gulf Navigation Holding (GNH). Abdulrahman Mahmoud Al Afifi will succeed Amiri, according to a bourse disclosure. The board accepted the resignation …
UAE – Mubasher: The main index of Dubai Financial Market (DFM) ended Wednesday’s trading session lower by 29.75 points (0.74%) at 3,979.18 points. A total of 275.58 million shares were exchanged during the session at a value of AED 348.81 million. …
Riyadh – Mubasher: Prefect Presentation for Commercial Services (2P Prefect Presentation) was awarded a project contract worth SAR 63.34 million from the Saudi Ministry of Health. The listed company won the deal on 11 June and is expected to sign …
Riyadh – Mubasher: Rawasi Albina Investment Company and Telecommunications Towers Company (TAWAL ) signed a contract valued at SAR 11.92 million, according to a bourse disclosure. The deal, which was penned on 11 June, covers the replacement of …
Riyadh – Mubasher: Alwasail Industrial Company submitted a request, on 11 June, to transfer its shares from the Parallel Market (Nomu) to the main market All Share Index (TASI). The board members granted their approvals on 26 December 2023, …
